Business

Nomura pivots away from Fed rate cuts in 2026 as inflation risks linger

Friday, May 22 by SRN News

May 22 (Reuters) - Nomura has joined a growing chorus of brokerages expecting the U.S. Federal Reserve to hold interest rates steady in 2026, citing persistent inflation and skepticism that policymakers will rally behind rate cuts. Fed officials are increasingly worried that the war in... Read More.

JPMorgan looks to offload exposure to $4 billion in private equity-linked loans, FT reports

Friday, May 22 by SRN News

May 22 (Reuters) - JPMorgan is seeking to offload risk tied to more than $4 billion in loans to private equity funds, Financial Times reported on Friday, citing people familiar with matter. The lender is in talks with investors over a transaction that would allow... Read More.

Asian shares track Wall Street gains and oil prices climb on uncertainty over the Iran war

Friday, May 22 by SRN News

HONG KONG (AP) - Asian shares advanced Friday following modest gains on Wall Street, while oil prices rose as efforts to end the Iran war yielded limited results. Oil prices had eased Thursday in U.S. trading, alleviating pressure from the bond market as yields... Read More.

Dollar perched near six-week high on uncertainty over US-Iran deal

Friday, May 22 by SRN News

By Rae Wee SINGAPORE, May 22 (Reuters) - The dollar held near a six-week top on Friday, after a volatile overnight session on conflicting signals over a U.S.-Iran peace deal, though investors latched on to hopes of some progress. Washington and Tehran stuck to opposing stances... Read More.

Arafura Rare Earths plans $250 million share sale backed by Australia’s richest person

Friday, May 22 by SRN News

By Rajasik Mukherjee, Kumar Tanishk and Jasmeen Ara Islam Shaikh May 22 (Reuters) - Australia's Arafura Rare Earths said on Friday it plans to raise about A$350 million ($249.83 million) in a share placement backed by Gina Rinehart's Hancock Prospecting, to help fund its Nolans... Read More.

Stocks rise, dollar at six-week high as focus remains on US-Iran talks

Friday, May 22 by SRN News

By Ankur Banerjee SINGAPORE, May 22 (Reuters) - Asian stocks rose on Friday while the U.S. dollar sat near six- week highs and oil prices were whipsawed as investors held on to hopes of a breakthrough in U.S.-Iran peace talks although both sides remained at... Read More.

Puerto Rico governor promises to alleviate power and water shortages

Friday, May 22 by SRN News

SAN JUAN, Puerto Rico (AP) - Puerto Rico Gov. Jenniffer González pledged Thursday during her annual address to boost the amount of electric energy available to power the U.S. territory as chronic outages persist, angering and frustrating many across the island. She said a bidding... Read More.

Australia’s Guzman y Gomez to exit US in retreat from key growth bet

Friday, May 22 by SRN News

By Rajasik Mukherjee and Byron Kaye May 22 (Reuters) - Australia's Guzman y Gomez , the Mexican-themed restaurant chain whose global growth plans powered a blockbuster sharemarket listing, said it was quitting the U.S. due to poor sales, a retreat from a prize market amid... Read More.

Hengli, China’s silk-to-petrochemicals empire, faces the chill of US sanctions

Friday, May 22 by SRN News

By Colleen Howe and Chen Aizhu BEIJING/SINGAPORE, May 22 (Reuters) - The Hengli Group, built by a husband and wife duo over three decades from a bankrupt textile mill into a Fortune Global 500 giant and one of China's largest private oil refiners, has been... Read More.

Australia fines Coles over milk supply deals; flags Brownes’ pricing practices

Friday, May 22 by SRN News

May 22 (Reuters) - Australia's competition watchdog said on Friday that Coles and dairy firm Brownes Foods Operations each paid A$39,600 ($28,270.44) after receiving infringement notices for restrictive milk supply terms and unclear pricing, respectively. Here are some details: • The Australian Competition & Consumer Commission... Read More.

Current Weather

Nomura pivots away from Fed rate cuts in 2026 as inflation risks linger

JPMorgan looks to offload exposure to $4 billion in private equity-linked loans, FT reports

Asian shares track Wall Street gains and oil prices climb on uncertainty over the Iran war

Dollar perched near six-week high on uncertainty over US-Iran deal

Stocks rise, dollar at six-week high as focus remains on US-Iran talks

Puerto Rico governor promises to alleviate power and water shortages

Australia’s Guzman y Gomez to exit US in retreat from key growth bet

Hengli, China’s silk-to-petrochemicals empire, faces the chill of US sanctions

Australia fines Coles over milk supply deals; flags Brownes’ pricing practices

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